Historic budget for Australia’s NSW roads, maritime and freight

New South Wales Minister for Roads, Maritime and Freight Duncan Gay has announced an historic US$5.8 billion investment in this year’s budget to support the huge infrastructure program currently underway to build and upgrade critical road, maritime and freight networks. Budget highlights include US$3.1 billion for regional NSW including US$1.5 billion to continue fast tracking major upgrades of key regional highways, US$1.3 billion to build a world class motorway for Sydney and US$139 million towards easing
June 24, 2015 Read time: 2 mins

New South Wales Minister for Roads, Maritime and Freight Duncan Gay has announced an historic US$5.8 billion investment in this year’s budget to support the huge infrastructure program currently underway to build and upgrade critical road, maritime and freight networks.

Budget highlights include US$3.1 billion for regional NSW including US$1.5 billion to continue fast tracking major upgrades of key regional highways, US$1.3 billion to build a world class motorway for Sydney and US$139 million towards easing city congestion.

Announcing the budget, Gay said, “Today’s announcement brings the overall funding commitment in this portfolio since March 2011 to US$21.3 billion – the largest series of investments in the state’s history.”

“Not only are we well advanced in delivering the biggest infrastructure program in the state’s history, we’re also investing record levels – US$1.2 billion this financial year alone – to repair and maintain existing road and maritime assets,” Gay said.

Urban Traffic Control

Related Content

  • Roads and bridges projects in Middle East valued at US$109 million
    September 30, 2013
    Ahead of December’s Gulf Traffic exhibition in Dubai, the latest figures from Ventures Middle East indicate ongoing roads and bridges projects across the Gulf Co-operation Council (GCC) region are currently valued at US$109 billion. Host of the 2022 Football World Cup, Qatar, leads the way with an allocation of US$20bn for roads and highways, in addition to a US$35bn rail network. The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth
    Read More
  • Government funding to get hydrogen cars moving
    October 10, 2014
    The arrival of hydrogen cars on UK roads is a step closer today as Business Minister Matthew Hancock announced up to US$17.6 million of funding from Government and industry to help prepare the UK for the roll-out of hydrogen fuel cell electric vehicles (FCEVs). The investment will help establish an initial network of up to 15 hydrogen refuelling stations by the end of 2015. It includes US$3.2 million of funding for public sector hydrogen vehicles. The announcement follows news earlier this month tha
    Read More
  • USDoT responds to death crash 'crisis' on roads 
    November 4, 2021
    'First-ever' national safety-first roadway strategy comes as 20,160 die in first half of 2021
    Read More
  • Growth of ITS market 2013 to 2019
    April 22, 2014
    According to the latest report from Transparency Market Research, the intelligent transportation systems (ITS) market is expected to reach a value of US$30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand of ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only reduces traffic, but also reduces number of accidents and improves quality of life by controlling vehicle emission leve
    Read More

Highlighted Content